SOURCE: OpenLogic


February 08, 2012 09:00 ET

OpenLogic Shows Strong Growth in 2011

Expanded Open Source Adoption Across Industries Spurs Demand for Scanning and Cloud Tools

BROOMFIELD, CO--(Marketwire - Feb 8, 2012) - OpenLogic, Inc., provider of enterprise open source solutions for the data center and the cloud, today announced its continued momentum in 2011, which saw record-breaking sales in each quarter, including the company's largest-ever quarter in Q4 2011, which was up 45% over the previous year.

In 2011 OpenLogic's client base grew to more than 300 enterprise customers worldwide. New customers helped fuel the company's record growth, as did existing customers who bought additional software and services, more than doubling expansion business over 2010.

Overall, 70% of OpenLogic's business continues to come from Global 2000 enterprises, although in 2011 OpenLogic saw the fastest growth from government and mid-market companies. The US market led in customer growth, followed by Asia Pacific, while EMEA showed the largest increases in average deal size.

OpenLogic scanning products and services, which debuted in 2010, showed strong growth throughout 2011 with sales up 87% over 2010.

In August, OpenLogic launched CloudSwing, the industry's first fully flexible open platform-as-a-service (PaaS) cloud solution. In March, CloudSwing (then in beta) was named the People's Choice Winner at the 2011 Cloud Connect Launch Pad competition.

A testament to the ever-growing popularity of open source, OpenLogic continues to be successful across a wide variety of industries. While technology and financial services companies continue to be OpenLogic's top two customer verticals, 2011 was marked by rapid growth in three new industries: manufacturing, government, and media.

OpenLogic's Top 3 Growing Industries in 2011:

1. Manufacturing
2. Government
3. Media

OpenLogic's Top 3 Customer Industries Overall:

1. Technology
2. Financial Services
3. Manufacturing

"OpenLogic saw a broadening of our business in 2011 due to significant growth across new verticals, as well as a deepening of relationships with existing customers as they bought additional products and services," said Steve Grandchamp, CEO of OpenLogic. "We are seeing growth beyond industries that are early adopters of open source, and into more mainstream technology adopters. As open source is used more widely and cloud development continues to gain steam -- more enterprises are turning to OpenLogic for open source provisioning, scanning and support."

Additional 2011 Highlights:

About OpenLogic
OpenLogic is a leading provider of enterprise open source solutions for the cloud and the data center. OpenLogic helps hundreds of leading enterprise across a wide range of industries to safely acquire, support, and control open source software. OpenLogic offers certification, commercial-grade technical support and indemnification for 600 open source packages backed by the OpenLogic Expert Community. OpenLogic also offers CloudSwing, a complete open PaaS solution for enterprises seeking to deploy applications and customized open source stacks in the cloud, and OLEX Enterprise Edition, a SaaS solution for open source scanning and governance.

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